NASDAQ$FCNCA
First Citizens BancShares Inc. · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
First Citizens BancShares reported strong earnings for the third quarter of 2020, with an increase in net income compared to the same quarter in 2019.
First Citizens BancShares reported a net income of $142.7 million for Q3 2020, a 14.3% increase compared to Q3 2019. The company's net interest income also increased by 5.1% to $353.7 million. Total loans grew, and deposits increased by 30.3% on an annualized basis.
- Net income for the third quarter of 2020 totaled $142.7 million, up 14.3% compared to Q3 2019.
- Net interest income increased to $353.7 million, a 5.1% rise compared to the same quarter in the previous year.
- Total loans grew by $3.96 billion since December 31, 2019.
- Total deposits increased by $7.82 billion since December 31, 2019.
Headline financials
Revenue & EPS history
First Citizens · Revenue · Quarterly
$474M
Revenue by segment
First Citizens · $402M total across 2 segments · Q1 2020
- Net Interest$338M—84.1%
- Non-Interest$64M—15.9%
Forward guidance
BancShares cancelled its live conference call originally scheduled for October 28, 2020, due to entry into a definitive merger agreement with CIT. There will be a joint conference call to discuss the transaction and third quarter 2020 earnings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+1.1%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.2%
Avg return
30 days after
66%
42 / 64 earnings
Positive
+15.3%
Q3 2020
Best reaction
-9.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | -3.1% | -2.6% | |
| Q4 2025 | -8.5% | -10.1% | -8.5% | |
| Q3 2025 | +0.3% | +0.8% | +7.2% | |
| Q2 2025 | +1.1% | -0.2% | +3.7% | |
| Q1 2025 | +1.1% | +1.2% | +2.8% | |
| Q3 2024 | -9.6% | -6.8% | +13.0% | |
| Q2 2024 | +13.3% | +14.3% | +8.2% | |
| Q1 2024 | +7.0% | +2.9% | +8.6% | |
| Q4 2023 | +5.1% | +6.9% | +8.7% | |
| Q3 2023 | +3.6% | +6.1% | +10.3% | |
| Q2 2023 | +3.4% | +4.7% | -3.7% | |
| Q1 2023 | +12.8% | +15.7% | +17.5% | |
| Q4 2022 | -3.2% | -2.2% | -7.0% | |
| Q3 2022 | -5.5% | -4.9% | -4.9% | |
| Q2 2022 | +5.1% | +6.7% | +13.0% | |
| Q1 2022 | +3.1% | +6.0% | +11.9% | |
| Q4 2021 | -4.9% | -3.8% | -3.5% | |
| Q3 2021 | -2.1% | +0.3% | -1.0% | |
| Q2 2021 | +4.5% | +11.5% | +17.9% | |
| Q1 2021 | -2.9% | -2.1% | -2.8% | |
| Q4 2020 | -6.5% | -5.1% | +20.6% | |
| Q3 2020 | +15.3% | +25.7% | +53.6% | |
| Q2 2020 | +4.3% | +4.2% | -2.1% | |
| Q1 2020 | +8.5% | +3.4% | +13.0% | |
| Q4 2019 | +0.6% | +1.5% | -9.3% | |
| Q3 2019 | +0.4% | -0.2% | +4.8% | |
| Q2 2019 | +2.2% | -2.5% | -2.9% | |
| Q1 2019 | -0.6% | +1.7% | -5.8% | |
| Q4 2018 | -1.0% | -0.2% | +6.4% | |
| Q3 2018 | -0.7% | -1.5% | +0.2% | |
| Q2 2018 | -1.1% | -1.2% | +15.9% | |
| Q1 2018 | +2.4% | +4.4% | +5.2% | |
| Q4 2017 | +0.8% | -4.6% | -4.1% | |
| Q3 2017 | +6.8% | +4.1% | +5.8% | |
| Q2 2017 | -2.8% | -3.1% | -8.8% | |
| Q1 2017 | +3.6% | +1.0% | -3.7% | |
| Q4 2016 | +3.1% | -0.4% | -1.2% | |
| Q3 2016 | -1.8% | -1.0% | +21.7% | |
| Q2 2016 | -1.1% | -1.5% | +4.9% | |
| Q1 2016 | -0.0% | — | — | |
| Q2 2015 | +1.4% | — | — | |
| Q4 2015 | +2.2% | — | — | |
| Q3 2015 | +7.0% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q1 2014 | +1.1% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q4 2012 | -2.3% | — | — | |
| Q3 2012 | +1.7% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | -5.1% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2010 | +4.0% | — | — |
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